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Article: Banks role in promoting exports: global and Pakistan dimensions.
- Article from:
- Economic Review
- Article date:
- September 1, 1993
- Author:
CopyrightCOPYRIGHT 1993 Economic and Industrial Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The prosperity of Pakistan lies in boosting exports. This is a lesson which one must learn from NICs which pursued export led growth strategy and now the Pacific Rim has shown to the world the spectacular growth registered by them. Based on 1993 World Development Report just released, the exports for 1991 of NICs were: Singapore ($ 59 billion), Taiwan ($ 76 billion), Korea, Republic ($ 72 billion) and Hong Kong ($ 28 billion). These countries have shown to the world that breakthrough in exports can be made and this is not the exclusive preserve of a few developed countries.
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